
Big Bear, California 92315
This waterfront Single Family Residence presents a High-Potential Investment Opportunity, listed at a List Price of $949,000—positioned well below the $959,676 Fair Market Value by 1%. With a Condition Rating of 5, the property requires modernization, offering $10,676 in Instant Equity. The 8,400-square-foot lot and panoramic lake views provide a rare foundation for value-add renovations. This asset is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a legacy property with significant upside potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 39000 Waterview Drive Subject | $949,000* List Price | 3 | 3 | 1,944 | $494 | - |
A 39697 Lake Drive Active | $899,900 List Price | 3 | 2 | 1,716 | $524 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1967 (57 years old) and appears to be in mostly original condition. The kitchen features dated wood cabinetry and fluorescent light boxes, while the bathrooms retain original wall-mount sinks and vintage tile work. Per the criteria, the age of the structure (>50 years) and the lack of significant renovations to the kitchen, baths, and likely systems indicate a need for a comprehensive rehab.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8400, living area = 1944.
Situated in the exclusive Inspiration Point area, this rare lakefront gem offers direct water access and panoramic views of Big Bear Lake, providing a high-value 'front-row' alpine experience.
The 8,400-square-foot lot is exceptionally large for waterfront real estate, featuring a rare grassy rear yard and multiple decks designed for seamless indoor-outdoor entertaining.
The dock shown in marketing materials is not included with the sale, meaning the buyer must undertake the additional expense and permitting process to construct their own private dock.
Built in 1967, the home may require significant capital improvements or modernization to meet contemporary luxury standards and improve energy efficiency compared to newer builds.
Experience the pinnacle of alpine living at Inspiration Point, where this rare waterfront gem offers a front-row seat to the best of Big Bear Lake. Spanning over 1,900 square feet of thoughtfully designed living space, this home strikes the perfect balance between spaciousness and mountain intimacy. With three oversized bedrooms plus two and 1/2 bathrooms, there is plenty of room to relax and recharge after a day on the water or the slopes. The property sits on a generous 8,400-square-foot lot, a true rarity for lakefront real estate. The large, grassy rear yard provides a lush transition from the home to the water's edge, where you'll find direct lake access and a designated area for your own private dock. Imagine starting your mornings with coffee on one of the multiple decks, breathing in the crisp mountain air while watching the sun glisten off the lake. Inside, the layout is designed to maximize the breathtaking views and provide a seamless flow for entertaining. Whether you are hosting a summer barbecue or cozying up in the winter, the backdrop of the lake remains the star of the show. The location is simply unbeatable. You are mere minutes from the vibrant shops, dining, and entertainment of the Village, while being perfectly positioned near Big Bear Marina for summer boating and Snow Summit for world-class skiing. Waterfront properties of this caliber in Inspiration Point are seldom relinquished. This is more than just a home; it is a prime opportunity to secure a legacy property that your inner circle will cherish for generations to come. Don't miss the chance to own a piece of the shoreline. Please note that the dock in the photos does not belong to this home. Buyer would need to build their own dock out front.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.0 |
| Baths | 3.0 | 2.0 |
| Square foot | 1,944 | 1,616 |
| Lot Size | 8,400 | 14,100 |
| Price | $949.0K | $526.5K |
| Price per sq ft | $488 | $351 |
| Built year | 1967 | 1988 |
| HOA | $0 | $0 |
| Days on market | 5 | 100 |
Jul 17, 2026
$949,000
Initial Listing